Enigma Strategy

What Enigma Strategy does

Enigma Strategy Ltd is a London-based boutique investment management firm headquartered at 35 Berkeley Square, Mayfair, authorised by the Financial Conduct Authority (FRN 926961). Founded in 2018 and operating with 1-10 employees, the firm delivers discretionary investment management, advisory services, and execution-only and custody/arranging services to high-net-worth individuals, certified sophisticated investors, professional and institutional clients, corporates, family offices, trusts and charities. Its service portfolio includes a bespoke multi-asset discretionary offering built on a core-satellite asset allocation approach, an advisory service providing trade rationale and longer-term strategy guidance, and execution, custody and arranging services spanning CFDs, equities and global bond markets.

Beyond its UK wealth business, Enigma Strategy has built a fund solutions platform including a Sukuk Model Portfolio (minimum $100,000), the Shariah NMPI Fund and the Capital Builder Fund, both managed by Mauritius-based affiliates (Enigma TCG Investment Managers Ltd and TIW Capital Group) under FSC Mauritius oversight. The firm monetises through recurring discretionary and advisory management fees, transaction-based execution/custody/arranging fees, performance fees on managed products, and managed services for fund managers covering FCA registration, onboarding and distribution. Distribution combines direct advisory and discretionary teams with a professional intermediary channel (IFAs managing SIPPs, ISAs and GIAs), associate partners (MBS Global, Sheikh Nayef, TIW) for cross-referrals, and a strategy provider incubation programme. Proprietary technology consists of an in-house research and analysis platform supporting investment decision-making, an online client portal with mobile app providing real-time portfolio visibility, and performance and risk reporting systems.

A material consideration for any counterparty is that Enigma Strategy Limited is currently subject to voluntary regulatory requirements that restrict the regulated activities it may undertake, and accordingly the firm is not currently carrying on any regulated activity.

Name

Enigma Strategy

Legal name

Enigma Strategy Ltd

Website

https://enigmastrategy.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Enigma Strategy is a London-based boutique investment management firm offering discretionary, advisory, and execution-only services to HNW individuals, sophisticated investors, and institutional clients, alongside Sharia-compliant fund products managed via Mauritius affiliates.

Ownership category

akta.pro rank

Product category

Wealth Management / Discretionary Investment Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Specialized/Niche-Vertical RIAs (e.g., Medical, Tech, Executives, Athletes) (FSAAACAL)

Keywords

• Discretionary investment management
• Multi-asset wealth management
• Sharia-compliant investing
• Execution-only stockbroking
• Fund management solutions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Discretionary Investment Management Fees: Fees charged for managing client portfolios on a discretionary basis, including asset allocation, rebalancing, and portfolio management services
2. Investment Advisory Fees: Fees for providing investment advice, guidance on trading decisions, longer-term strategy consultation, and ongoing advisory services through dedicated investment advisors
3. Execution, Custody and Arranging Fees: Fees for trade execution, custody services, and arranging services for CFDs, stocks, shares across global equity and bond markets including onshore and offshore funds
4. Fund Management Services: Delegated investment management, FCA registration support, investor onboarding, and distribution services for fund managers launching regulated funds
5. Performance Fees: Fees associated with investment returns generated for clients, particularly for the Sukuk model portfolio and other managed fund products

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Enigma Strategy provides discretionary, advisory, and execution-only investment management and stockbroking services across multiple asset classes for high-net-worth individuals, certified sophisticated investors, and professional/institutional clients. Core service lines include bespoke discretionary portfolio management, dedicated investment advisory, execution/custody/arranging across global equities, bonds, and CFDs, and fund solutions spanning UCITS, ETFs, REITs, ESG, and Sharia-compliant funds.

Product overview

Enigma Strategy offers a unified platform of bespoke investment services consisting of three core service lines: Discretionary Investment Management (hands-off portfolio management with dedicated portfolio managers), Advisory Investment (guidance-based service with dedicated advisors), and Execution, Custody and Arranging (self-directed trading with custody). These are complemented by specialized offerings including Fund Solutions (covering UCITS, ETFs, REITs, ESG, and Shariah-compliant funds), the Sukuk Model Portfolio (Sharia-compliant minimum $100k investment), the Shariah NMPI Fund (Mauritius-regulated Islamic fund), and the Capital Builder Fund. Additional services include Strategy Provider incubation for traders and Professional Intermediaries services for financial advisors managing SIPPs, ISAs, and General Investment Accounts. All services are supported by proprietary research and FCA-authorized operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Discretionary Investment Management Bespoke multi-asset discretionary investment management service for high-net-worth individuals, sophisticated investors, and institutional clients, with core-satellite portfolio approaches, active rebalancing, and dedicated portfolio managers.
• Advisory Investment
• Execution, Custody and Arranging
• Fund Solutions
• Sukuk Model Portfolio
• Shariah NMPI Fund
• Capital Builder Fund (CB NMPI Fund)

Quantifiable outcome

• Minimum investment of $100,000 for Sukuk portfolio access

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered minor and core.

• MBS GlobalminorStrategic or Co-development PartnerListed as an associate partner in the Enigma Strategy ecosystem. The nature of the partnership involves cross-referrals and collaborative business development in the investment management sector.
• Sheikh NayefminorStrategic or Co-development PartnerListed as an associate partner providing strategic alignment in the investment management space, potentially with focus on Middle East markets given the Sharia-compliant investment offerings.
• TIW (The Investment Wall)minorStrategic or Co-development PartnerListed as an associate partner in the Enigma Strategy network, contributing to the distribution and referral ecosystem for investment services.
• Enigma TCG Investment Managers LtdcoreStrategic or Co-development PartnerMauritius-based affiliate entity serving as the Alternative Investment Fund Manager (AIFM) for the Shariah NMPI Fund. This is a closely integrated affiliate relationship for fund management operations, regulated by the Financial Services Commission (FSC) in Mauritius.
• TIW Capital GroupcoreStrategic or Co-development PartnerMauritius-based affiliate entity serving as the AIFM for the Capital Builder Fund. This affiliate relationship enables the firm to offer unregulated collective investment schemes, regulated by the Financial Services Commission (FSC) in Mauritius.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Killik & Co: UK private client stockbroker and wealth manager offering advisory, discretionary and execution-only services. Directly comparable across Enigma's three core service lines and HNW target market.
• JM Finn: Boutique UK discretionary investment manager serving HNW individuals, families and intermediaries. Closely comparable in scale, boutique positioning and bespoke discretionary multi-asset proposition.
• Gatehouse Bank: UK Sharia-compliant bank offering wealth and investment products. Directly comparable in the Sharia-compliant investment niche Enigma targets via its Sukuk and Shariah NMPI Fund offerings.
• Carter Lemon Camerons (Kestrel Investment Partners): Boutique UK wealth manager offering bespoke discretionary and advisory services to HNW clients. Comparable boutique scale, personal-touch service model and HNW discretionary proposition.

Broad incumbents

• Brooks Macdonald: UK wealth manager offering discretionary investment management, model portfolios for intermediaries, and fund services. Directly comparable in target client (HNW/IFAs) and product mix (discretionary + intermediary model portfolios + funds).
• Rathbones Group: A large UK-listed discretionary wealth manager serving HNW and intermediary clients. Comparable as a multi-channel UK wealth manager offering discretionary, advisory and fund solutions, though operating at materially greater scale and breadth than Enigma.
• Evelyn Partners: UK wealth management and professional services firm offering discretionary portfolio management, advisory, and fund services to HNW individuals, families and intermediaries. Comparable across the discretionary, advisory and intermediary-channel pillars.
• Interactive Brokers: Global execution-only broker providing trading in global equities, CFDs and bonds. Comparable in the execution-only / custody / arranging pillar of Enigma's offering, though at far greater scale and lower cost.
• Quilter: UK wealth manager with discretionary, advised and platform propositions serving HNW clients and professional intermediaries. Comparable in combining discretionary management, intermediary platform distribution and fund solutions.

Regional players

• ADIB (Abu Dhabi Islamic Bank) – Private Banking: Middle East Islamic private bank offering Sharia-compliant discretionary and advisory wealth management. Comparable in Sharia-compliant product specialism and HNW focus, but serving a different primary geography from Enigma.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/enigmastrategy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enigma Strategy